Bitcoin Forum
December 08, 2021, 10:59:37 PM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
Yes - 43 (37.1%)
No - 73 (62.9%)
Total Voters: 116

Pages: « 1 ... 29493 29494 29495 29496 29497 29498 29499 29500 29501 29502 29503 29504 29505 29506 29507 29508 29509 29510 29511 29512 29513 29514 29515 29516 29517 29518 29519 29520 29521 29522 29523 29524 29525 29526 29527 29528 29529 29530 29531 29532 29533 29534 29535 29536 29537 29538 29539 29540 29541 29542 [29543] 29544 29545 29546 29547 29548 29549 29550 29551 29552 29553 29554 29555 29556 29557 29558 29559 29560 29561 29562 29563 29564 29565 29566 29567 29568 29569 29570 29571 29572 29573 29574 29575 29576 29577 29578 29579 29580 29581 29582 29583 29584 29585 29586 29587 29588 29589 29590 29591 29592 29593 ... 29965 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25498418 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (158 posts by 14 users with 9 merit deleted.)
wachtwoord
Legendary
*
Offline Offline

Activity: 2156
Merit: 1089


View Profile
September 22, 2021, 06:56:17 PM
Merited by JayJuanGee (2)

https://www.tagesschau.de/wirtschaft/ing-kontogebuehren-verwahrtentgelt-strafzinsen-101.html


^This German bank is threatening their customers. Either you accept higher fees or your account gets scrapped. How is this even legal? This is why Bitcoin is king. Get your money out of the filthy hands of the bankers before they decide it's not your choice.

This is not really new and believe it or not more customer friendly than before.

Before, banks would change the conditions unilatterally and notify their customers who needed to actively object (leading to termination of their account) or automatically be considered to consent to the new agreement.

Recently that practice was challenged in court and the judge decided banks need to ask for active consent to change the conditions.

The outcome is all German bank do this now.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1639004377
Hero Member
*
Offline Offline

Posts: 1639004377

View Profile Personal Message (Offline)

Ignore
1639004377
Reply with quote  #2

1639004377
Report to moderator
ChartBuddy
Legendary
*
Offline Offline

Activity: 1288
Merit: 1265


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
September 22, 2021, 07:01:26 PM


Explanation
Dabs
Legendary
*
Offline Offline

Activity: 3164
Merit: 1850


The Concierge of Crypto


View Profile
September 22, 2021, 07:03:55 PM

What kind of fees are we talking about? Monthly fees or per-transaction fee or transfer fee? I mean, they all have horrible interest rates so the only reason to use banks would be if they had debit cards and you wanted to pay with those cards. Or bills. Or something for convenience.

I still do try to sign up more bank accounts while I can, as long as they are free or very low cost.
DeathAngel
Legendary
*
Offline Offline

Activity: 2226
Merit: 1523


One of the world's leading Bitcoin-powered casinos


View Profile
September 22, 2021, 07:06:53 PM
Merited by El duderino_ (5), JayJuanGee (1)

@BitcoinMagazine
Football legend @TomBrady said he would "love" to get paid in #Bitcoin



https://twitter.com/bitcoinmagazine/status/1440728310841950208?s=21
philipma1957
Legendary
*
Offline Offline

Activity: 3234
Merit: 3905



View Profile
September 22, 2021, 07:09:38 PM

I can guarantee you that lost btc address will eventually be subject to forfeit much like an old bank account with no action gets grabbed.

An untouched btc address in terms of no funds ever removed will be considered lost .


The funds will be folded back into mining rewards for blocks.

To anyone that thinks I am wrong I simply laugh.

Zero reason not to do it. Say in 2059 all 2009 address must show some withdrawal or lost.

To those that say no privacy I say you are clueless.

To those that say it will be outvoted maybe in 2059 it will be outvoted but down the road say 2084 or 2109 it will be out voted.
wachtwoord
Legendary
*
Offline Offline

Activity: 2156
Merit: 1089


View Profile
September 22, 2021, 07:18:32 PM
Merited by JayJuanGee (1)

I can guarantee you that lost btc address will eventually be subject to forfeit much like an old bank account with no action gets grabbed.

An untouched btc address in terms of no funds ever removed will be considered lost .


The funds will be folded back into mining rewards for blocks.

To anyone that thinks I am wrong I simply laugh.

Zero reason not to do it. Say in 2059 all 2009 address must show some withdrawal or lost.

To those that say no privacy I say you are clueless.

To those that say it will be outvoted maybe in 2059 it will be outvoted but down the road say 2084 or 2109 it will be out voted.

Zero reason to do it. No benefit.
nanobtc
Sr. Member
****
Offline Offline

Activity: 542
Merit: 380



View Profile WWW
September 22, 2021, 07:39:06 PM
Merited by jojo69 (1), Spaceman_Spiff_Original (1)

We (royal that is) have already figured out that your squigglies are quasi-random because they have close to no explanation in regards to their placement.

Go figure...
You may want to educate us on that if you know better.

No, Dear God no......
ChartBuddy
Legendary
*
Offline Offline

Activity: 1288
Merit: 1265


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
September 22, 2021, 08:01:26 PM


Explanation
Biodom
Legendary
*
Offline Offline

Activity: 2870
Merit: 2086



View Profile
September 22, 2021, 08:17:02 PM
Merited by LFC_Bitcoin (1)

Here is gist of it...PTB cannot hold their wealth in rapidly inflating fiat..it's just a fact, everything else is secondary.
I choose bitcoin to have some say in my monetary situation.
All those worries about poor consumer 'protection' are as fake as it gets.
5-6% inflation, 0.01% in bank deposits interest. Is there something wrong with these numbers, lol?
Pay us on cash deposits, and NOT in 2024!
JayJuanGee
Legendary
*
Offline Offline

Activity: 2828
Merit: 5197


ESG, KYC & AML are attack vectors on Bitcoin


View Profile
September 22, 2021, 08:21:08 PM
Merited by LFC_Bitcoin (1)

So a friend of mine is with KBC (bank) Didn't had any issues sending money in or out, from today they don't allow any deposits or whitdrawls anymore...

They getting more and more afraid, the dumb banks don't embrace or try to embrace BTC... they will get rekt thats a fact.

What are some of the background aspects?  Did the bank make some kind of a connection to BTC?

Were deposits or withdrawals related to BTC?  Did the guy have other sources of income and sometimes if there is some other business connected with the person (or account) then the bank will allow more high amount volumes of in and out because there is a business entity that is also connected with the account. 

Might need a few more background facts, duderino.


Exactamente, eddie.  That seems to be 3x the amount of our current generally applicable BTC accumulation goal that we would like to impose upon newbies... gotta start somewhere and surely nice to be 3x the current initial BTC accumulation goal.

Newbies coming into bitcoin are likely going to have to start out with some kind of a target BTC accumulation level, and several of us have been considering 1 BTC as a wee bit too high of a entry level target accumulation level, so a newbie is going to have to work his/her way up the ladder of BTC accumulation, and surely some normie newbies will be able to be more aggressive than others.

A kind of reasonable and practical and generally applicable starting point would be for newbies to try to set some kind of reachable goal and to get to 0.21 BTC.. it has some symbolism to it, and it is way more "reachable" than shooting for 1 BTC right from the start.  At today's BTC prices, 0.21BTC would a bit less than $10k but still reasonably reachable.

I had been asserting that older time bitcoiners have likely reached and or exceeded the target levels of newbie bitcoiners, and I have even conceded (admitted) that I have accumulated more than 3x the level of a newbie BTC investor.. so I am kind of richie status.. relatively speaking...especially compared with a newbie who is just starting to accumulate BTC.. .maybe starting with DCA investing at $10 per week or being more aggressive with $100 per week, or even if there might even be more aggressive approaches that involve lump sum investing too.... depending on how much lump sum that might be available and also depending on how much cashflow is available and other financial and psychological circumstances.

We each have to start somewhere and some times the longer that you are into bitcoin the more that you are able to accumulate.  Even with you, eddie, you have a forum registration date of October 2015, so you likely could remember that there might have been some transition between having 21 BTC as a goal or 10 BTC as a goal, but the goal amounts have been coming down through the years.. especially for newbies, and especially considering what kinds of goals might be reasonable to attempt to reach, on a broader level.. even though of course, individual circumstances can vary, too.  So we surely did go down from 10 BTC to 1 BTC and now 0.21 BTC is starting to seem like a fairly reasonable BTC accumulation point, especially for a newbie, and then if the goal is achieved, then to perhaps create higher and higher BTC accumulation targets that of course would be attempted to be reasonably tailored to personal circumstances, too.
LFC_Bitcoin
Legendary
*
Offline Offline

Activity: 2646
Merit: 5754


One of the world's leading Bitcoin-powered casinos


View Profile
September 22, 2021, 08:38:51 PM

@JJG

Quite incredible that we’re sitting here applauding the achievement of people stacking 0.21BTC. Many of us here are already esteemed gentlemen but it’ll be nice in say 10 years to see current noobs as members who have made it.

Good times, good times.
Richy_T
Legendary
*
Offline Offline

Activity: 1680
Merit: 1413


1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k


View Profile
September 22, 2021, 08:41:32 PM

Bank boxes typically are less than $100 per year, depending on size. Jewelry you don't use ... but again, maybe better at home. I can find Sentry branded fire-safe waterproof chests with lifetime warranty on amazon.

Make sure to check the ratings on those. They're often not that impressive. Not that I'm recommending bank boxes either.
Richy_T
Legendary
*
Offline Offline

Activity: 1680
Merit: 1413


1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k


View Profile
September 22, 2021, 08:46:37 PM

I can guarantee you that lost btc address will eventually be subject to forfeit much like an old bank account with no action gets grabbed.

An untouched btc address in terms of no funds ever removed will be considered lost .


The funds will be folded back into mining rewards for blocks.

There are some that think that this is CSW's motive behind BSV based on various things that he has said. I don't really see it happening with BTC but it's not impossible. There's also the possibility of quantum computing meaning that private keys will no longer secure and BTC will have to be moved to a more secure scheme or be swept by those with the capability.
wxa7115
Hero Member
*****
Offline Offline

Activity: 1834
Merit: 662



View Profile
September 22, 2021, 08:50:03 PM
Merited by JayJuanGee (1)

I can guarantee you that lost btc address will eventually be subject to forfeit much like an old bank account with no action gets grabbed.

An untouched btc address in terms of no funds ever removed will be considered lost .


The funds will be folded back into mining rewards for blocks.

To anyone that thinks I am wrong I simply laugh.

Zero reason not to do it. Say in 2059 all 2009 address must show some withdrawal or lost.

To those that say no privacy I say you are clueless.

To those that say it will be outvoted maybe in 2059 it will be outvoted but down the road say 2084 or 2109 it will be out voted.
That will be the death of bitcoin, besides it does not make sense as it goes against everything bitcoin stands for and it goes against common sense as well.

If I take the bus and I lose my wallet with some money inside even if the wallet is lost all the contents still belong to me, if someone finds it and then takes that money for themselves it is still stealing, the same logic applies to lost coins, even if the coins cannot be claimed by their owners they are still the legitimate owners of those coins and taking them away in any way or form is stealing, at that point I might as well open a bank account at Cyprus and let them steal my funds as they did years ago.
ChartBuddy
Legendary
*
Offline Offline

Activity: 1288
Merit: 1265


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
September 22, 2021, 09:01:34 PM


Explanation
El duderino_
Legendary
*
Online Online

Activity: 1624
Merit: 7326


Observing No-Coiners.


View Profile
September 22, 2021, 09:27:31 PM

Victorious evening.
R.A.F.C.
Right under full Moon.


Haiku
El duderino_
Legendary
*
Online Online

Activity: 1624
Merit: 7326


Observing No-Coiners.


View Profile
September 22, 2021, 09:34:44 PM
Merited by Torque (1), cygan (1)



Going for hodlsleep
heslo
Hero Member
*****
Offline Offline

Activity: 909
Merit: 555


View Profile
September 22, 2021, 09:39:05 PM
Merited by JayJuanGee (1)

I can guarantee you that lost btc address will eventually be subject to forfeit much like an old bank account with no action gets grabbed.

An untouched btc address in terms of no funds ever removed will be considered lost .


The funds will be folded back into mining rewards for blocks.

To anyone that thinks I am wrong I simply laugh.

Zero reason not to do it. Say in 2059 all 2009 address must show some withdrawal or lost.

To those that say no privacy I say you are clueless.

To those that say it will be outvoted maybe in 2059 it will be outvoted but down the road say 2084 or 2109 it will be out voted.

Good luck getting people to agree on THAT change. Won't ever happen
eddie13
Legendary
*
Offline Offline

Activity: 2030
Merit: 1966


BTC or BUST


View Profile
September 22, 2021, 09:47:54 PM
Merited by JayJuanGee (1)

So a friend of mine is with KBC (bank) Didn't had any issues sending money in or out, from today they don't allow any deposits or whitdrawls anymore...

They getting more and more afraid, the dumb banks don't embrace or try to embrace BTC... they will get rekt thats a fact.

What are some of the background aspects?  Did the bank make some kind of a connection to BTC?

Were deposits or withdrawals related to BTC?  Did the guy have other sources of income and sometimes if there is some other business connected with the person (or account) then the bank will allow more high amount volumes of in and out because there is a business entity that is also connected with the account. 

Might need a few more background facts, duderino.


Exactamente, eddie.  That seems to be 3x the amount of our current generally applicable BTC accumulation goal that we would like to impose upon newbies... gotta start somewhere and surely nice to be 3x the current initial BTC accumulation goal.

Newbies coming into bitcoin are likely going to have to start out with some kind of a target BTC accumulation level, and several of us have been considering 1 BTC as a wee bit too high of a entry level target accumulation level, so a newbie is going to have to work his/her way up the ladder of BTC accumulation, and surely some normie newbies will be able to be more aggressive than others.

A kind of reasonable and practical and generally applicable starting point would be for newbies to try to set some kind of reachable goal and to get to 0.21 BTC.. it has some symbolism to it, and it is way more "reachable" than shooting for 1 BTC right from the start.  At today's BTC prices, 0.21BTC would a bit less than $10k but still reasonably reachable.

I had been asserting that older time bitcoiners have likely reached and or exceeded the target levels of newbie bitcoiners, and I have even conceded (admitted) that I have accumulated more than 3x the level of a newbie BTC investor.. so I am kind of richie status.. relatively speaking...especially compared with a newbie who is just starting to accumulate BTC.. .maybe starting with DCA investing at $10 per week or being more aggressive with $100 per week, or even if there might even be more aggressive approaches that involve lump sum investing too.... depending on how much lump sum that might be available and also depending on how much cashflow is available and other financial and psychological circumstances.

We each have to start somewhere and some times the longer that you are into bitcoin the more that you are able to accumulate.  Even with you, eddie, you have a forum registration date of October 2015, so you likely could remember that there might have been some transition between having 21 BTC as a goal or 10 BTC as a goal, but the goal amounts have been coming down through the years.. especially for newbies, and especially considering what kinds of goals might be reasonable to attempt to reach, on a broader level.. even though of course, individual circumstances can vary, too.  So we surely did go down from 10 BTC to 1 BTC and now 0.21 BTC is starting to seem like a fairly reasonable BTC accumulation point, especially for a newbie, and then if the goal is achieved, then to perhaps create higher and higher BTC accumulation targets that of course would be attempted to be reasonably tailored to personal circumstances, too.

Ok that makes sense..
Yeah I remember the usual goal being 21 BTC, then Kindof 2.1, and now 0.21 I guess..

As the price goes up by an order of magnitude, iguess a good goal should go down by the same..

I sure don’t have 21 BTC LOL..
JayJuanGee
Legendary
*
Offline Offline

Activity: 2828
Merit: 5197


ESG, KYC & AML are attack vectors on Bitcoin


View Profile
September 22, 2021, 09:50:52 PM
Merited by LFC_Bitcoin (1)

I can guarantee you that lost btc address will eventually be subject to forfeit much like an old bank account with no action gets grabbed.

An untouched btc address in terms of no funds ever removed will be considered lost .


The funds will be folded back into mining rewards for blocks.

To anyone that thinks I am wrong I simply laugh.

You are wrong especially because you are asserting that something that is speculative into the future is guaranteed to happen, and part of the thing about the future is that it has not yet happened, so there is some variation in what might happen and what ends up happening.. so for example, once it happens, it has happened, and sometimes there is dispute about that, so difficult to guarantee something in the future is going to happen unless you completely control it and the timeline that you are predicting is pretty soontm rather than unspecified and distant into the future.


Zero reason not to do it. Say in 2059 all 2009 address must show some withdrawal or lost.

Is this an actual bitcoin rule or something that someone is planning to propose?


To those that say no privacy I say you are clueless.

Call me clueless, if you must.  Go on; do it.

To those that say it will be outvoted maybe in 2059 it will be outvoted but down the road say 2084 or 2109 it will be out voted.

Last time I checked bitcoin no does not work by vote; it works by consensus... Voting and consensus are differing concepts  You may need to tweak your language a wee bit, and maybe coming out less aggressively in terms of your supposed ability to predict the future might be a wee bit helpful too. #justsaying

We (royal that is) have already figured out that your squigglies are quasi-random because they have close to no explanation in regards to their placement.

Go figure...
You may want to educate us on that if you know better.

No, Dear God no......

Been there; done that.

You are late the party, nanobtc.. .you party poop.

@JJG

Quite incredible that we’re sitting here applauding the achievement of people stacking 0.21BTC. Many of us here are already esteemed gentlemen but it’ll be nice in say 10 years to see current noobs as members who have made it.

Good times, good times.

That's part of the irony, no?  There are going to be guys who had been struggling to get to a portfolio of 21 BTC or even those guys who had been struggling to get to 10 BTC, like the supposed mindrust BTC portfolio situation of having had reached 10 BTC in March 2020.. and then suddenly giving up on the prospect.  

The guys who have actually accumulated into the 10 BTC to 21 BTC territory are likely soon to be going to be on the verge of having to think about where their fuck you status is going to trigger, and surely everyone's fuck you status is at a different place.. could be as low as $500k in value or could be $10 million-ish or higher in value, but using $2 million as a broad-level generalization of a entry level fuck you status does not seem to be a unrealistic number.  

If we refer to BTC spot price, it surely is not going to be too long for even some of those guys in the 10 BTC to 21 BTC territory, to be having to give serious considerations to their entry-level fuck you status....   yet, as you likely recall, I am not too fond of using BTC spot price for that kind of BTC valuation reference point, even though for sure we can be skimming off some BTC from time to time at whatever happens to be the spot prices and also considering how difficult it might be for others (such as newbie normies) to acquire BTC when we are measuring spot prices, too...

But sure, for the purpose of assessing net worth and evaluating the value of our BTC, it seems way better to be using the 104-week moving average or the 208-week moving average, so 10 BTC to 21 BTC is not going to be enough to trigger the general fuck you status when using those valuating methods.

Surely, I am not going to want to be a party poop.. even though at spot price, those guys with 10 BTC to 21 BTC should be feeling quite well these days, even if they might not feel comfortable in terms of having had gotten to a kind of entry level fuck you status base on foundational (and bottom potential BTC prices).

And, yes another irony of the more newbie normie guys are likely going to be struggling to get to 0.21 BTC and even those who have acquired 1 BTC or even 2.1 BTC are going to be moving along up the scale of wealth as well, and realizing that they are holding quantities of BTC that are becoming more and more difficult for other newbie normies to achieve absent some considerable commitment that may well include contribution of both time and money to throw at the situation for a considerable amount of time before starting to feel some comforts in the quantity of BTC within holdings.

So for sure, even if a guy takes a few months to get to 0.21BTC, he then would set goals to get to 1 BTC and then 2.1BTC, and realize that it can take a whole hell of a lot of time to stack a sufficient amount of sats to reach those quantities of BTC... but gosh, even at spot price, we are likely going to be seeing circumstances in the next 2-3 cycles that cause all three of those statuses of 0.21 BTC, 1 BTC and/or 2.1 BTC to become very difficult, if not impossible for newbie normies to achieve..

....and sure it might start making sense to be talking about these stacking goal achievement aspirational matters in terms of satoshis, so even the 0.21 BTC person will have achieved 21 million satoshis, and so in the relatively near future (including the 10-year timeline that you mentioned), we are likely going to be looking at normie newbies who are striving to get up to 1 million satoshis.. and wanting to be a satoshi millionaire in terms of their entry-level aspirations - even presuming that reaching 1 million satoshis might be possible in 10 years for newbie normies, and that level might be a bit too much of a presumption.

Of course, I am going to assert that none of these price appreciation matters are guaranteed, even though it likely remains good, reasonable and prudent practices to keep those kinds of numbers in mind when we are stacking sats and if we get to 21 million sats or 63 million sats in these times and we consider if those are high enough numbers, they may well have decent chances of being numbers that are quite a bit more difficult to achieve for newbie normies in 10 years (and even much shorter timeframes than that)... We will see.. we will see.  

Of course, even very well to do multi-millionaires in the traditional status quo circles of wealth will have easier times reallocating some of their wealth into bitcoin in the coming years when they finally see the light, but even they are going to have harder and harder times getting a decent bitcoin stake, especially if they are currently no coiners and/or they are way too reluctant, currently, to take even a reasonable stake in bitcoin.. so sure, those multi-millionaires might be able to buy 1 BTC or even 2.1 BTC, but it may well cost them several million dollars to acquire such a bitcoin stake.. and even then, they might consider that if they allocate 10% to 20% of their quasi-liquid investable wealth into bitcoin, which might add up to several million dollars, they are still only getting a couple of BTC at best.

Several of us longer term WO members will realize what I am saying is not likely to be much of a fantasy, even though to outsiders (and no coiners) and people who are having trouble grokking bitcoin, are likely having troubles considering these matters in ways that are not anything other than fantastical views about the future of finances, the economy and bitcoin's likely place within that as the soundest money known to man, so far.  But many of us realize.. even though none of this is guaranteed, we know still know that not being guaranteed still allows for preparing in ways that a lot of normies are still failing and refusing to engage in such preparations, even modestly which could actually make an enormous difference for them to get into BTC now, rather than waiting one or two more cycles or even 10 years, like you suggested, LFC.
Pages: « 1 ... 29493 29494 29495 29496 29497 29498 29499 29500 29501 29502 29503 29504 29505 29506 29507 29508 29509 29510 29511 29512 29513 29514 29515 29516 29517 29518 29519 29520 29521 29522 29523 29524 29525 29526 29527 29528 29529 29530 29531 29532 29533 29534 29535 29536 29537 29538 29539 29540 29541 29542 [29543] 29544 29545 29546 29547 29548 29549 29550 29551 29552 29553 29554 29555 29556 29557 29558 29559 29560 29561 29562 29563 29564 29565 29566 29567 29568 29569 29570 29571 29572 29573 29574 29575 29576 29577 29578 29579 29580 29581 29582 29583 29584 29585 29586 29587 29588 29589 29590 29591 29592 29593 ... 29965 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!